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Art Deal

Sotheby’s, the Russian billionaire — and the art of the deal

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Source: Financial Times

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https://www.ft.com/content/4d5bacda-44d4-4bbf-b955-aeb7b9ec0b6c

When Sotheby’s announced its sales results for 2023 this week, the bright spot came not in the activity for which the auction house founded in 1744 is best known, but in a less public place. While auction sales fell slightly to $6.5bn, revenues from private deals that it arranged for collectors away from the auction room rose by nearly 8 per cent to $1.2bn. It was good timing for Sotheby’s because on Tuesday it was cleared by a New York jury of aiding and abetting fraud in the most controversial private sales case of recent years. It was accused by Dmitry Rybolovlev, a Russian billionaire, of having helped the Swiss art dealer Yves Bouvier to overcharge him by about $1bn for works including Leonardo da Vinci’s “Salvator Mundi”.

Read more: https://www.ft.com/content/4d5bacda-44d4-4bbf-b955-aeb7b9ec0b6c

Art Deal

New York dealer Annina Nosei donates catalogues to Magazzino Italian Art

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Source:The Art Newspaper

Annina Nosei, the Italian-born gallerist who was Jean-Michel Basquiat’s first art dealer and staged his debut New York solo show, has donated the nearly three-decade run of her eponymous gallery’s catalogues to Magazzino Italian Art’s Germano Celant Research Center in Cold Spring, New York, the museum announced Thursday (16 May).Taken together, the catalogues chronicle a “significant and tumultuous period in recent art history”, Magazzino said in a statement. Nosei previously donated most of the gallery’s archive to the Fales Library and Special Collections at New York University (NYU).

Read more: https://www.theartnewspaper.com/2024/05/16/new-york-dealer-annina-nosei-donates-catalogues-to-magazzino-italian-art

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